extended warranties... whom to buy them from?

492800

Deleted Thread

moonrakerz

492800 wrote: »

what do you all do regarding extended warranties?

I spend the money on some bottles of plonk ! If you don't drink, put the money you would have spent on these "warranties" into the Building Society and after a few years you can afford to go to Florida for a fortnight.

These things are a waste of money..........

Zandoni

I would never buy an extended warranty, just not worth it. Imagine how much you will spend if you buy one on every product you buy. Not to mention I don't have a lot of faith in the in the ability of the companies to do the repairs.

wealdroam

Maybe compare with other suppliers.

For example, John Lewis has a fridge freezer at £199 with a two year guarantee included.
To extend the warranty to five years costs £60.

Details here.

CoolHotCold

Quick note on Dixons/Currys extended warranty on Fridge Freezer is a extra £69

moonrakerz

492800 wrote: »

wow? really..
I know that warranties used to cost around 2/3 the price of the item, but i would have thought that a 5 yr one for £90 was ok?

You have no idea of reliability engineering I am afraid.

If you wish to throw away £90, please feel free, but the likelihood of your fridge/freezer breaking down is minimal. If it is going to fail it is most likely to happen in the first year or when it is over 10 years old.
I am 65 and have had a fridge all of my married life and a freezer for much of it. I have NEVER had one fail in all those years.

I can almost guarantee that there will now be a number of posts saying that their whole life has been blighted by failed refrigeration equipment - but there won't be many posts from the millions of people, like me, who have never had a problem ..................

molerat

In 37 years we are on our

2nd fridge
4th washine machine
2nd freezer
3rd vacuum cleaner (2nd one still in use, bought a better one)
Fitted oven / hob 25 years

Self insure, put the money you would pay for the warranty in a savings account. If all the appliances you bought failed you would be out of pocket but what are the chances of that ? Same with the dentist, after 5 years we are £1500 up on their monthly dental plan !!

Esqui

I'd say it depends what you get from the warranty. If it just extends the same guarantee for another 4 or 5 years, then I wouldn't pay all that much. If it adds on other things, like frozen food cover, or guaranteed service levels, like for like replacement or more useful things, then maybe a bit more.

As we're talking about them, I do have my fridge covered, because it was £80 for 5 years. And for a £200 fridge/freezer, the likelihood is that at some point in those 5 years, it's going to need something doing

CoolHotCold

492800 wrote: »

thanks coolhotcold.. did you find that on their website? i didnt see it anywhere but knew it must have been somewhere

Here you go

shortchanged_2

Esqui wrote: »

As we're talking about them, I do have my fridge covered, because it was £80 for 5 years. And for a £200 fridge/freezer, the likelihood is that at some point in those 5 years, it's going to need something doing

But to be honest that's almost half the value of the item again!!!

I would be more inclined to go for a better quality one in the 1st place for say £300 and that would mean not an Indesit or Hotpoint machine by the way.

And also I would expect a fridge freezer to work for at least 3 years trouble free or in my eyes it should not pass the durability test of the SOGA.

dreamypuma

If the OP is really that worried, they should maybe read reviews on each of the appliances to identify known issues and avoid certain brands (Hotpoint / Indesit) or flawed products.

I personally have never purchased a extended warranty from the retailer, and never had an issue with electrical items or appliances failing at my expense.

Self insure and take a balanced view on paying lots of money for a feature packed product, and what you need in reality. Repairs of appliances are rarely cheap, and usually a sign of future problems yet to surface. Buying a more expensive item often compels individuals to persist with more and more repairs, to recover there loss of buying an expensive product. In reality they are flogging often a dead horse.

I recall my dad buying a really expensive camcorder when we were younger. It failed and the repair was more than the cost of a new more modern camcorder.